42 U.S.C. § 12858 : US Code - Section 12858: Transition

Search 42 U.S.C. § 12858 : US Code - Section 12858: Transition

(a) Authority of Secretary
Upon the termination of the Trust as provided in section 12859 of
this title, the Secretary of Housing and Urban Development shall
exercise any authority of the Board of Directors and the Trust in
accordance with the provisions of this subchapter as may be
necessary to provide for the conclusion of the outstanding affairs
of the Trust.
(b) Applicability of Trust provisions
Any assistance under this subchapter shall, after termination of
the Trust, be subject to the provisions of this subchapter that
would have applied to such assistance if the termination had not
occurred.
(c) Certification of Fund to Treasury
Upon a determination by the Secretary of Housing and Urban
Development that the National Homeownership Trust Fund is no longer
necessary, the Secretary shall certify any amounts remaining in the
Fund to the Secretary of the Treasury and the Secretary of the
Treasury shall deposit into the general fund of the Treasury as
miscellaneous receipts any amounts remaining in the Fund.
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